Oetker Group Achieves Sales Revenue Growth of 3.7 Percent in 2019

The Oetker Group finished the 2019 financial year with a positive result despite a challenging market environment. The divisions Food, Beer and Nonalcoholic Beverages, Sparkling Wine, Wine and Spirits as well as Other Interests achieved consolidated net sales revenues of EUR 7,406 million. As a result the group grew by 3.7 percent compared to the previous year. ‘Our pleasing sales growth was characterized both by organic growth in our core businesses well above the market level and by acquisitions,’ commented Dr. Albert Christmann, General Partner of Dr. August Oetker KG. The main growth drivers were acquisitions by Dr. Oetker and the first joint financial year of Henkell and Freixenet, while at the same time the sales revenues of Getränke Essmann were deconsolidated after the joint venture with Deutsche Getränke Logistik (DGL). At the same time, the plans for the current 2020 financial year appear to have been completely overtaken by the corona pandemic. ‘The companies within the Oetker Group have also been affected by the restrictions, some of them quite considerably. Fortunately however, sales losses in individual divisions are at least partially being offset by gains in others. We will overcome the crisis, seize the resulting entrepreneurial opportunities with courage and ultimately emerge stronger,’ says Christmann, looking forward with cautious optimism.

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